The global Configuration Management Software Market is expected to grow from $1.35 billion in 2020 to $2.5 billion by 2025, at a CAGR of 11.2% during the forecast period. Configuration management software (CMS) is a set of tools and processes that help organizations manage and track changes to their IT infrastructure, applications, and other digital assets. The global configuration management software market is driven by the growing demand for agile and scalable IT infrastructure, increasing adoption of DevOps practices, and rising demand for efficient and effective management of IT assets. The market is expected to grow significantly in the coming years, driven by technological advancements, increasing demand for cloud-based solutions, and the need for enhanced security and compliance.
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Key Players Of The Market
- BMC Software, Inc.
- CA Technologies, Inc.
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- ServiceNow, Inc.
- Hewlett Packard Enterprise Development LP
- Micro Focus International plc
- Amazon Web Services, Inc.
- GitLab Inc.
Market Trends
- Increasing adoption of cloud-based CMS solutions.
- Growing trend of DevSecOps, which integrates security into the entire software development life cycle.
- Emergence of low-code and no-code CMS solutions.
- Growing popularity of open-source CMS solutions.
- Increasing focus on automation and artificial intelligence (AI) in CMS solutions.
Key Drivers Of The Market
- Growing demand for agile and scalable IT infrastructure.
- Increasing adoption of DevOps practices.
- Rising demand for efficient and effective management of IT assets.
- Technological advancements.
- Increasing demand for cloud-based solutions.
- Need for enhanced security and compliance.
Recent Developments Of The Market
The global configuration management software market has witnessed significant developments, including product launches, partnerships, and collaborations. For instance, in 2021, ServiceNow, Inc. launched the ServiceNow DevOps product to streamline IT development processes. In 2020, IBM Corporation partnered with ServiceNow, Inc. to integrate IBM Watson AIOps with ServiceNow’s IT service management and IT operations management platforms. Another major development in 2020 was the acquisition of Plutora, a provider of enterprise release management and test environment management solutions, by Broadcom Inc. These developments are expected to drive the growth of the global configuration management software market in the coming years.
Opportunities
- Growing demand for AI-powered CMS solutions.
- Increasing adoption of DevSecOps practices.
- Growing trend of digital transformation.
- Rising adoption of agile development methodologies.
- Increasing demand for open-source CMS solutions.
Covid-19 Impact
The COVID-19 pandemic has had a significant impact on the global configuration management software market. The pandemic has accelerated the adoption of digital transformation initiatives, which has increased the demand for CMS solutions. The shift to remote work has also increased the need for efficient and effective management of IT assets, leading to increased demand for CMS solutions. However, the pandemic has also resulted in budget cuts and reduced spending on IT infrastructure, which has negatively impacted the growth of the market. The long-term impact of the pandemic on the market remains uncertain and will depend on the speed of economic recovery and the adoption of digital transformation initiatives.
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Market Segmentation
- By Deployment Model
- By Organization Size
- By Vertical
- By Region
Geographical Segmentation
- North America
- United States
- Canada
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East and Africa
Regions Of The Market
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
- Latin America
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TOC Of The Market
- Executive Summary
- Introduction
- Research Methodology
- Market Dynamics
- Global Configuration Management Software Market Analysis, by Deployment Type
- Global Configuration Management Software Market Analysis, by Enterprise Size
- Global Configuration Management Software Market Analysis, by Vertical
- Global Configuration Management Software Market Analysis, by Region
- Competitive Landscape
- Conclusion
- Appendix
FAQs Of The Market
- What is the CAGR and Forecast of Global Configuration Management Software Market?
The global Configuration Management Software Market is expected to grow from $1.35 billion in 2020 to $2.5 billion by 2025, at a CAGR of 11.2% during the forecast period.
- What is configuration management software?
Configuration management software is a tool used to manage and track changes to software and hardware configurations. - What are the key factors driving the growth of the global configuration management software market?
The key factors driving the growth of the market include the increasing need for automation and the growing adoption of cloud-based solutions. - Who are the major players in the global configuration management software market?
The major players in the market include IBM Corporation, Microsoft Corporation, BMC Software Inc., Oracle Corporation, and CA Technologies. - Which region is expected to dominate the global configuration management software market?
North America is expected to dominate the market due to the presence of major players and the high adoption rate of technology in the region.
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